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Employment Placement Agencies in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Employment Placement Agencies Market Research Report | SIC N78.100 | Mar 2017

Shaky placement: In the current year, economic uncertainty is expected to cause revenue to fall

IBISWorld’s Employment Placement Agencies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£12bn
Annual Growth 12-17
4.9%
Annual Growth 17-22
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Profit
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Employment
178,582
Businesses
12,636
Industry Analysis & Industry Trends

The performance of the Employment Placement Agencies industry is closely linked to the hiring intentions of public and private-sector firms and, consequently, to prevailing economic conditions. Consequently, industry revenue contracted by almost 50% in 2008-09 as a result of the global financial crisis. As the economy recovered, industry revenue went from strength to strength at the beginning of the five-year period through 2016-17. However, growth was curtailed due to falling business confidence, and as a result revenue is expected to have contracted from 2015-16.

In the current year, revenue is expected to fall by 3.6% to £11.6 billion. This contraction is largely expected to be a result of the uncertainty caused by the UK's decision to leave the European Union... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry exhibits a low level of market share concentration and the top four players are estimated to account for 8.1% of industry revenue in 2016-17. Hays plc is the largest company, but generates less than 5% of total revenue. Industry concentration is low because there are many niche players in the industry targeting specific sectors and there are a large number of small operators that serve local areas. However, market share concentration can vary significantly between market segments.

In 2016, 86.1% of employment placement agencies employed fewer than 10 staff members and only 1.9% of firms employed 100 or more. This highlights the large number of small players operating in the industry.

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Industry ProductsRelated ReportsTable of Contents

What is the Employment Placement Agencies Industry?

Agencies in this industry list employment vacancies, refer applicants to jobs or directly place them in permanent employment. The individuals referred or placed are not employees of the employment agency. The activities of online placement agencies are also included in the industry.

Industry Products
General recruitment Executive and management recruitment Human resources strategy and consulting
 
Industry Activities
Listing employment vacanciesReferring applicants for permanent employment


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